Sumitomo Corporation of Americas Joins Syzygy's Series A Funding to its Scale Chemical Reactor
SUMITOMO CORP S/ADR (SSUMY)
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Source: PR Newswire
HOUSTON, Sept. 19, 2019 /PRNewswire/ -- Sumitomo Corporation of Americas ("SCOA") announced today its participation in Series A funding for Syzygy Plasmonics ("Syzygy"), a technology company developing a new photocatalytic chemical reactor. Syzygy will use this investment to scale its reactor and to build a pilot plant for hydrogen production."We are excited to support the groundbreaking technology Syzygy is bringing to this space," said Kazuki Yamaguchi, Senior Vice President, GM Energy Group, Sumitomo Corporation of Americas. "We believe hydrogen is and will continue to play an important role in the future energy market and we aim to facilitate on-site hydrogen production to deliver much more affordable hydrogen. Globally, Sumitomo Corporation is engaged in hydrogen business and it intends to continue investing in innovations like Syzygy's."The reactor, powered by light and leveraging an innovative photocatalytic platform developed at Rice University, is a dramatic step forward in r
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